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Hot Topics in the Financial Services Industry

Author: Janell M. Ahnert, Littler

The financial services industry (generally made up of banks, broker-dealers and investment advisors) is currently one of the most heavily regulated in the US economy. This means that financial services businesses must not only comply with federal, state and local employment laws, but also must be ever vigilant of regulatory and compliance requirements.

With so many key requirements, it is vital for HR professionals to know the rules applicable to their organization. By becoming more familiar with the growing number of changes affecting the financial services industry, employers can and should take proactive steps to ensure compliance and thereby lessen their risk of civil, criminal or regulatory penalties.